Tech Talk -Cutting back on supply in the presence of optimism

We have reached, I would suppose, a period of complacency in the perception of the coming of Peak Oil. We are in a period where, as recent posts have shown, the promises of bountiful supply are built on increasingly tenuous propositions. Unfortunately, the evolving story of the mess that we are heading into is at a point where the critical aspects of the problem rate minor paragraphs in articles that largely talk about something else. And the potential of the fossil fuels that lie within shale have commentators drooling over the benefits that will come from this abundant resource. Unfortunately within this euphoria there are sufficient concerns that need airing, since, overall, the situation has not changed that much since the Hirsch Report was published, just over eight years ago. One of the points that was made in that report was that it would take some twenty years for ...